DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HENRY FORD HEALTH SYSTEM-MICHIGAN STATE UNIVERSITY HEALTH SCIENCES, founded in 2021, is a small nonprofit in the Health Care sector that reported $157K in total revenue in fiscal year 2023. Revenue surged 260% from the prior year, signaling strong growth momentum. Expenses of $4.3M exceeded revenue, resulting in a 2619% operating deficit.
THE HENRY FORD HEALTH SYSTEM MICHIGAN STATE UNIVERSITY HEALTH SCIENCES (HSC) ORGANIZATION SUPPORTS THE SHARED MISSION AND VISION OF THE TWO PARTNER ORGANIZATIONS TO IMPROVE THE LIVES OR OUR CITIZENRY, FOCUSING ON BOTH THE INDIVIDUAL EXPERIENCE AS WELL AS COMMUNITY EXPERIENCE BOTH ACROSS THE STATE OF MICHIGAN AND THE NATION. THIS MISSION IS SUPPORTED BY THE SHARED VISION TO DRIVE ADVANCEMENT IN HEALTH CARE DELIVERY, ACCELERATE MEDICAL RESEARCH AND EXPAND ACCESS AND AVAILABILITY OF EDUCATION. IT IS THE ROLE OF THE HSC TO DRIVE THIS PROGRESS BEYOND WHAT EITHER MEMBER ORGANIZATION COULD HAVE ACHIEVED INDEPENDENTLY. PRIMARY AREAS OF FOCUS INCLUDES: EXPANSION OF MEDICAL RESEARCH AND MEDICAL EDUCATION AND IMPROVING HEALTH OUTCOMES THROUGH PROGRAMS FOCUSED ON HEALTH EQUITY, CANCER, NEUROSCIENCE, AND POPULATION HEALTH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $156,993 | $43,561 | +2.6% |
| Expenses | $4,269,081 | $3,499,269 | +0.2% |
| Net Income | $-4,112,088 | $-3,455,708 | +0.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANDREA AMALFITANO DO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NORMAN J BEAUCHAMP JR MD | DIRECTOR- CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NORMAN E HUBBARD MBA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINE C JOHNSON PHD MPH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ADNAN R MUNKARAH MD | DIRECTOR- VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERIC J SCHER MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LEIGH SMALL PHD RN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK A SMITH MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ARON SOUSA MD FACP | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBIN S DAMSCHRODER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVEN N KALKANIS MD | PRESIDENT | 5.00 |
Officer
|
$0 | $0 | $0 |
| MICHELLE JOHNSON TIDJANI ESQ | SECRETARY (THROUGH 9/2023) | 1.00 |
Officer
|
$0 | $0 | $0 |
| KAREN CROSBY | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $156,993 | $4,269,081 | $3,787,767 | $-4,112,088 |
| 2022 | $43,561 | $3,499,269 | $3,275,892 | $-3,455,708 |
| 2021 | No data | $3,305,427 | No data | No data |
Compare HENRY FORD HEALTH SYSTEM-MICHIGAN STATE UNIVERSITY HEALTH SCIENCES with other nonprofits in Michigan and across the country.